Americans have been "winning" on trade, in that we get real goods and all our trading partners get are paper dollars. This free ride on the global gravy train was bound to end eventually, but Trump's #TradeWar risks accelerating the day of reckoning!
— Peter Schiff (@PeterSchiff) March 2, 2018
Hot And Trending...
Trending
- September report “Did an entire generation of Millennials come of age, and never saw American prosperity?" published. http://bit.ly/2y4LJZQ
- High Black unemployment results more from bad legislation coming from Congress and the White House, than bad monetary policy from the #Fed!
- Coalition commodities editor Neil Hume noted that precious metals “performed significantly better.” http://bit.ly/2vnNZtc
- Banks played a major role in the Great Depression, Scott Sumner
- @RJChancey Times are not very good. That is exactly what Republicans were claiming just before the 2008 financial crisis. We are actually in worse shape now than we were then, and headed for an even greater economic crisis.
- The higher Dec. trade deficit likely mean last quarter's low #GDP number will be revised even lower. It also likely means that GDP growth for all of 2017 may be less than the average annual growth rate experienced during Obama's 2nd term. But hope springs eternal for 2018.
- #JanetYellen denies the Fed is concerned about the stock market, or that it considers the market when deciding on interest rates. Yeah right
- @Macrotots Yep, Its the what have you done for me lately mentality. Also Dems will argue Obama deficits were necessary to get us out of recession, but that Trump deficits caused problems as the economy was growing when they were run up.
- Malinvestment and the Austrian Business Cycle, as explained by Yogi Berra
- Education bubble is the source of low productivity and a major red flag for the US economy: https://t.co/AIESGrqEL6